Union Bank

Online Banking

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Build Loans

As part of our investment in the Vermont and New Hampshire communities where we do business, Union Bank offers Build Loans for new home construction, additions, renovations or small commercial buildings. Borrowers with suitable experience can act as the general contractor or perform some—or all—of the construction.

Getting land and construction loans doesn’t have to be a huge headache. We have streamlined the process to make funds available when you need them — without the hassle of costly inspection reports. Simply submit your eligible construction invoices to us, and we will pay contractors directly from your construction-loan checking account. There are no minimum draw amounts, and you can request draws as often as needed.

Union Bank’s Build Loan is better for contractors, as funds are usually available in 24-48 hours, allowing contractors to move forward without delays caused by inspections. And since funds are approved at the time of the loan, contractors can drop off consumer-approved invoices and pick up a check within 48 hours.

A home building loan also benefits realtors. It makes construction financing easy for buyers since it allows prospective homeowners to use the same loan to buy the land and finance construction. So there’s no need to look for separate land loans, building loans, or commercial building loans. Union Bank offers a simple solution to VT and NH homeowners and business owners.

Union Bank is one of the leading mortgage lenders in the area and since we are a local bank, your loan decision is made by people who live in your community and understand the real estate and business markets better than national lenders. Union Bank’s commitment to the people of northern VT and northern NH has been recognized by the ABA, which included us in its top ten list of community banks two years in a row. We were also rated “Outstanding” by the FDIC for our ability to meet the credit needs of the local communities we serve.

Take the next step toward realizing your planned construction project. Call us for more information or download a Build Loan application and visit your nearest branch in northern Vermont or northern New Hampshire today.


Apply Now

Download our printable applications. Each PDF contains instructions and “field fillable” boxes you can type directly into. Once completed, simply print out, sign and deliver (or mail) to any of our locations.

VT Home Build Loan

NH Home Build Loan

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